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Preston Van Loon

Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the Cause

Temporary Transaction Finality Glitch Disrupts Ethereum Network for 25 Minutes, Developers Investigate the CauseEthereum had issues processing transactions on May 11, 2023, at around 4:13 p.m. Eastern Time on Thursday, and transaction finality issues lasted for roughly 25 minutes. Currently, developers do not know what caused the issue and the blockchain is now running normally. Ethereum Network Experiences Temporary Transaction Processing Issue The Ethereum blockchain was unable to […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode

Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only ModeThe internet hosting and software development subsidiary of Microsoft, Github, has partially unbanned the Tornado Cash repositories following the recent sanctions enforced by the U.S. Treasury Department’s Office of Foreign Asset Control (OFAC). Github’s decision follows the U.S. Treasury updating the public, noting that U.S. persons can copy, view, and discuss the open-source code. Github’s […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Defi Educator Says $22 Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS Transition

Defi Educator Says  Billion in ETH 2.0 Funds Won’t Be Liquid Immediately After PoS TransitionAs Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There’s Also ‘Risk of Delay’

ETH Co-Founder Vitalik Buterin Says The Merge Could Happen in August, There’s Also ‘Risk of Delay’Following the statements from Ethereum developer Preston Van Loon at the Permissionless conference, Ethereum co-founder Vitalik Buterin has further confirmed The Merge will likely happen in August. Buterin noted, however, that it’s quite possible there’s still a risk of delay, and The Merge could happen in September or October 2022. The Merge Could Happen in […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets

Ethereum Has Destroyed $8.10 Billion in Ether, ETH Scarcity to Increase After The Merge

Ethereum Has Destroyed .10 Billion in Ether, ETH Scarcity to Increase After The MergeAccording to current metrics, the Ethereum blockchain has burned 2.35 million ether since the implementation of Ethereum Improvement Proposal (EIP) 1559. The $8.10 billion in value was burned over the course of nine months and during the last seven days, 18,110 ether worth $34.9 million was destroyed. 2.35 Million Ethereum Burned — Ethereum Dev Says […]

Counterpunch: Russia Reveals Plan to Utilize Frozen Western Assets